The government has approved a Rs 70,000-crore quantum leap in India's nuclear energy generation capacity and a new transparent policy for fuel supply to thermal power plants that reflects the country's swift progress from scarcity to sufficiency of domestic coal.

Coal exporters may be feeling more comfortable about their future as they see both reasonable demand from Asia's top importers and prices which appear to be stabilising at levels that allow for decent profits.

Oil futures rose in Asian trading on Wednesday after Reuters reported that Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. production that is threatening to derail its attempts to end a sustained global glut in crude.

Gulf Petrochem Group, the UAE based global bunker supplier, has set another milestone in its operations with the successful execution of the first-ever bunker supply by barge at the non-conventional port of Paradip in Odisa, India’s east coast in a joint effort with Indian Oil Corporation Limited (IOCL).

Iraq replaced Saudi Arabia as top crude supplier to India in April as refiners moved to boost their processing margins by purchasing the cheaper Basra Heavy oil grade, ship tracking and Thomson Reuters trade flow data showed.

Indian Railways, India’s state-run transporter, has speeded up plans to shift towards gas-fuelled locomotives. This is part of a larger plan by the railways, that pays an energy bill of around Rs 30,000 crore per annum, to save Rs 41,000 crore on energy use over the next decad

Uttar Pradesh expressed its interest in using the expertise of Israel in development of agriculture, irrigation, horticulture, energy, science and technology, smart cities and other sectors, chief minister Yogi Adityanath said in a meeting with Israeli ambassador Daniel Carmon here on Tuesday